L Brands, Inc. has reported net sales of 1.040 billion dollars for the
five-week period ended February 3, 2018, compared to 805.2 million dollars
for the four-week period ended January 28, 2017. The fifth week
in January represented approximately 150 million dollars in sales
and 0.07 dollar in earnings per share. The company’s comparable sales
increased 7 percent for the period under review.

Net sales were 4.823 billion dollars for the fourth quarter compared
to 4.489 billion dollars for the 13 weeks ended January 28, 2017.
Comparable sales for quarter increased 2 percent compared to the 1same
period last year. Net sales were 12.632 billion dollars for the 53-week
year ended February 3, 2018, compared to 12.574 billion dollars for the 52
weeks ended January 28, 2017. Comparable sales for the 53 weeks decreased 3
percent compared to the last year. For the 53 weeks, the exit of the swim
and apparel categories had a negative impact of about 3 percentage points
and 5 percentage points to total company and Victoria’s Secret comparable
sales, respectively.

Before the effect of any significant items, including the impact of tax
reform legislation, the company expects to report fourth quarter earnings
per share of about 2.05 dollars, compared to its previous guidance of
about 2 dollars.